UQM Technologies Company Presentation

Page 1

Innovative solutions for

electrifying vehicles

COMPANY PRESENTATION UQM Technologies, Inc.

2014


Forward-Looking Statements

Innovative solutions for

electrifying vehicles

This presentation contains statements that constitute “forward-looking statements� within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this presentation and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers and directors with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Forms 10-Q, which are available through our website at www.uqm.com or at www.sec.gov.


Our Vision

Innovative solutions for

electrifying vehicles

To create the world’s leading motor and controller systems for hybrid and electric vehicles. Delivering the Heart of the EV


Industry Overview

Innovative solutions for

electrifying vehicles


Key Market Drivers

Innovative solutions for

electrifying vehicles

Improved Experience

Regulatory Push • US CAFE standards • Global CO2 standards • CA mandates 15.4% of new cars to be either Electric Vehicle (EV), Plugin Hybrid (PHEV) or Fuel Cells by 2025 • China New Energy Vehicle mandates

• • • • •

Fun to drive Better mileage Lower operating costs Quiet operation Zero tail pipe emission

Political Will • Country-specific clean vehicle goals • Investment subsidies • Consumer incentives

EV Market Growth


Strong Current Market Growth

Innovative solutions for

electrifying vehicles

Plug-in EV sales 1st 6 months 70,000 60,000

+

% 7 3

July 2014 is +54% vs July 2013 Currently 20 models being sold

50,000 40,000

Total number of offerings expected to double over next two years

30,000 20,000 10,000 0

2011

2012

2013

2014

Source: EDTA


Stronger Projected Market Growth

Innovative solutions for

electrifying vehicles

EV Sales Targets

Medium-Heavy Duty Market

“6 million EV’s on the road by 2020”

“The market for electric buses and taxis will multiply over 8 times in the next decade, approaching $60 billion not long after that.”

Proterra EcoRide™

Source: International Energy Agency, April 2013

Source: Hybrid and Electric Buses and Taxis 2013-2023


Strategic Priorities

Innovative solutions for

electrifying vehicles

Penetrate full range of EV markets Lead the industry’s next generation of products New global customer development and current customer growth Operational excellence Cash flow positive and profitability


Strategic Priorities

Innovative solutions for

electrifying vehicles

ďƒź

Penetrate full range of EV markets Lead the industry’s next generation of products New global customer development and current customer growth Operational excellence Cash flow positive and profitability


Penetrate Full Range of EV Markets

Innovative solutions for

electrifying vehicles

Pipeline Trucks, Vans

China

China

Buses

China

China

Passenger Cars

Other

China


Strategic Priorities

ďƒź

Innovative solutions for

electrifying vehicles

PPPenetrate full range of EV markets

Lead the industry’s next generation of products New global customer development and current customer growth Operational excellence Cash flow positive and profitability


New Products

High Performance Products

Innovative solutions for

electrifying vehicles

PowerPhase速 Systems Built for a Broad Range of Applications

Full Electric

Plug-in Hybrid EV

Extended Range

Parallel Hybrid

Series Hybrid

Fuel Cell


New Products

Innovative Technology

High Power Density

High Efficiency

Permanent Magnet Motor and Controller

Smaller and Lighter Weight

Consumes Less Energy

Longer Range

Patented Adaptive Software Control

Greater Higher RPM Performance Range

SYSTEM GREATER THAN SUM-OF-THE-PARTS


New Products

Commercial Vehicle Products

Innovative solutions for

electrifying vehicles

PowerPhase HD速 220

700 Nm peak torque 220 kW peak, 120 kW continuous motor power Full power from 370 to 450 VDC Maximum speed 6,000 RPM

PowerPhase HD速 950T (High Torque)

950 Nm peak torque 144 kW peak, 100 kW continuous motor power Full power from 370 to 450 VDC Maximum speed 4,500 RPM

UP TO 95% TOTAL SYSTEM EFFICIENCY

PowerPhase HD速 250

900 Nm peak torque 250 kW peak, 150 kW continuous motor power Full power from 450 to 750 VDC Maximum speed full performance 5,500 RPM


New Products

Passenger Vehicle Products

Innovative solutions for

electrifying vehicles

PowerPhase Pro速 100 300 Nm peak torque 100 kW peak, 80 kW continuous motor power

PowerPhase Pro速 135 350 Nm peak torque 135 kW peak, 80 kW continuous motor power

Next Generation of PowerPhase速 Products

UP TO 94% TOTAL SYSTEM EFFICIENCY

Leading edge features and performance Reduced size for easier packaging Provides higher efficiency across a broader range of operating conditions


Strategic Priorities

Innovative solutions for

electrifying vehicles

Lead the industry’s next generation of products Penetrate full range of EV markets

ďƒź

New global customer development and current customer growth Operational excellence Cash flow positive and profitability


Global Sales Strategy

Innovative solutions for

electrifying vehicles

Target regions: United States, China and Europe Target markets: bus, truck and passenger vehicles Develop key relationships Build upon existing brand equity

New Production Customers


Recent Milestones Building Momentum

2014

2013

• • •

Innovative solutions for

electrifying vehicles

• • •

Agreement with DMA for Light Commercial Vehicles in Turkey Achieve ISO/TS 16949 Certification Supply Indonesian Electric Bus Manufacturer PT Sarimas Audi A-1 e-tron Ahmadi Pratama Zenith electric vans 1st to receive EPA certificate Proterra electric bus sets record for most miles traveled Collaboration with KDS on electric drive systems

• • • • • • • •

Boulder EV Long Term Agreement EVI Long Term Agreement Proterra EV Bus 3-year Supply Contract Audi A1 e-tron EV expands test fleet Denver RTD Hybrid Bus Order Zenith Motor Shuttle Van Order New product - PowerPhase Pro HD® 250 New product - High-Torque PowerPhase HD® 950T system


Supply Contracts & Long Term Agreements • •

Long term agreement signed in late 2012 Deliveries underway to support long-term contract

• •

Long term agreement signed in 2013 Building delivery vans for UPS and Frito Lay

• •

Long term agreement signed in 2013 Building delivery vans for UPS and DoD SPIDERS program

• •

Began refurbish program in late 2012 Hybrid bus fleet

• •

Initial deliveries underway All-electric shuttle vans


New Opportunities

Existing Customers Proterra Zenith Motors EVI Boulder EV Roush Eaton Hino

New Customers & Partnership Inter Tan-Ker Derindere Motorlu Araclar (DMA) PT Sarimas Ahmadi Pratama RTD Partnership

• Kinetic Drive Solutions

Innovative solutions for

electrifying vehicles

New Territories & Other Applications Territories • China

• • • •

Indonesia Hungary Turkey Japan

Other Applications • Marine/Ships • Non Vehicle


Strategic Priorities

Innovative solutions for

electrifying vehicles

Penetrate full range of EV markets New global customer development and current customer growth Lead the industry’s next generation of products

ďƒźOperational excellence

Cash flow positive and profitability


Experienced Team

Innovative solutions for

electrifying vehicles

Eric Ridenour, President and Chief Executive Officer • Previously Chief Operating Officer, Chrysler and Board of Management, DaimlerChrysler • Previous roles at Chrysler- EVP of Engineering, VP of Premium Vehicle Team, VP of Product Planning David Rosenthal, Chief Financial Officer • Previously Director, President and Chief Executive Officer, Cyanotech Corporation • Previously Chief Financial Officer of Sanz, Inc. and Hickory Farms

Joe Mitchell, Senior Vice President of Operations • 25+ years experience in automotive sector focused on operations and quality control • 11 years hybrid experience with Continental, Siemens VDO and Ballard Jon Lutz, Vice President of Engineering • UQM Engineering executive for 20 years • Inventor/co-inventor of several of UQM’s key patents Adrian Schaffer, Vice President of Sales and Business Development • Previously VP, Sales for Linamar • Previously senior sales executive with Motorola focused on the vehicle market


World Class Facility

130,000 sq. ft. facility •

Flexible assembly lines fully validated for high production volumes

ISO/TS 16949 Certified (highest level Quality certification for automotive industry)

Targeting ISO 14000 in FY 2015

Innovative solutions for

electrifying vehicles


Strategic Priorities

Innovative solutions for

electrifying vehicles

Penetrate full range of EV markets New global customer development and current customer growth Lead the industry’s next generation of products

Operational excellence

ďƒźCash flow positive and profitability


Road to Profitability

Innovative solutions for

electrifying vehicles

Revenue growth with current customer base and new opportunities All products have strong positive margins (average 41% last year) Strong balance sheet* $9.5 million in cash $19.2 million in working capital No debt

Cost efficiencies continue to improve bottom line

*Quarter ended June 30, 2014


Capex Requirements

Near term – Minimal capex needs Longer term – Growth in other regions may drive local capacity plans


Driving to Profitability

    

Emerging markets with strong growth Leading products Seasoned management team Global customer base Well capitalized

Innovative solutions for

electrifying vehicles


Innovative solutions for

electrifying vehicles

COMPANY PRESENTATION UQM Technologies, Inc.

2014


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